AT&T eyes DirecTV in potential mega media merger
Fri, 02 May 2014 15:16:39 GMT —
DirecTV is on the target list for AT&T as the telecommunications giant looks to buy the satellite television provider.
The Wall Street Journal reported this week that AT&T is looking to buy DirecTV in a move that would create a combined company with about 26 million users.
The deal would likely be worth about $40 billion, according to the WSJ, and would create a pay-TV giant nearly the same size as Comcast/Time Warner.
If Comcast's proposed deal to purchase Time Warner goes through, that powerhouse would amass 30 million users.
As news of the potential DirecTV acquisition merger came out this week, the satellite provider's stock climbed 4.1-percent.
(The Associated Press contributed to this article.)